Industrial Logistics Properties Trust to Participate at the 22nd B. Riley Securities Annual Institutional Investor Conference on Wednesday, May 25th

Rhea-AI Summary

Industrial Logistics Properties Trust (Nasdaq: ILPT) has reported robust first quarter 2022 leasing results, encompassing 885,000 square feet leased with a notable 27.9% increase in rental rates compared to previous figures. The company recently finalized its acquisition of Monmouth Real Estate Investment Corporation in February 2022. Furthermore, ILPT's management team, led by President Yael Duffy and CFO Rick Siedel, will participate in the 22nd Annual B. Riley Securities Institutional Investor Conference in Beverly Hills on May 25, 2022.

Company Recently Announced Strong First Quarter Leasing Results and Closing of Monmouth Acquisition

NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that President and Chief Operating Officer Yael Duffy and Chief Financial Officer and Treasurer Rick Siedel will be participating in meetings with investors at the 22nd Annual B. Riley Securities Institutional Investor Conference in Beverly Hills, CA on Wednesday, May 25th, 2022. For additional information or to schedule a one-on-one meeting with ILPT management, please contact your B. Riley Securities representative.

ILPT recently reported first quarter 2022 results highlighted by 885,000 square feet of leasing and 27.9% higher rents than prior rental rates for the same space. In February 2022, ILPT completed its previously announced acquisition of Monmouth Real Estate Investment Corporation. The first quarter 2022 results news release can be found at the following link: https://www.ilptreit.com/investors/news/press-release-details/2022/Industrial-Logistics-Properties-Trust-Announces-First-Quarter-2022-Results/default.aspx.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of March 31, 2022, ILPT’s portfolio consisted of 412 properties containing approximately 59.7 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annual rental revenues are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $37 billion in assets under management as of March 31, 2022 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. For more information, visit www.ilptreit.com.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005948/en/

Kevin Barry, Director, Investor Relations

(617) 658-0776

www.ilptreit.com

Source: Industrial Logistics Properties Trust

FAQ

What were the first quarter 2022 leasing results for ILPT?

In the first quarter of 2022, Industrial Logistics Properties Trust (Nasdaq: ILPT) reported leasing of 885,000 square feet with a 27.9% increase in rental rates compared to prior rates.

When did ILPT acquire Monmouth Real Estate Investment Corporation?

ILPT completed the acquisition of Monmouth Real Estate Investment Corporation in February 2022.

Who from ILPT is presenting at the B. Riley Securities Conference?

President Yael Duffy and CFO Rick Siedel from ILPT will present at the B. Riley Securities Institutional Investor Conference.

When will the B. Riley Securities Conference take place?

The B. Riley Securities Institutional Investor Conference is scheduled for May 25, 2022.

What is the focus of Industrial Logistics Properties Trust?

Industrial Logistics Properties Trust (Nasdaq: ILPT) focuses on owning and leasing high-quality distribution and logistics properties serving e-commerce needs.